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And who is that scapegoat? Is it former President George W. Bush, who presided over the housing bubble and crash? Is it former President Bill Clinton or former Clinton/Obama advisor Larry Summers, who were in charge of things when Gramm-Leach-Billey was signed into law in 1999? Or perhaps then-Senator Chris Dodd (D-CT), who received special treatment from Citigroup for a loan, or the executives of Freddie Mac and Fannie Mae, including the one who engaged in a sexual relationship with then-Rep. Barney Frank (D-MA) while Rep. Frank was the Ranking Member of the House Financial Services Committee?
Nope. It’s S&P, which the government wants ...